Banker's Discount Practice Test 1

Question : 13 of 40

Marks: +1, -0

Find the banker’s discount on a certain sum at 12% for 4 months if the true discount on the same sum, rate and time is Rs 450.

Solution:

BG = SI on TD =

420×12×4/12×1/100

= Rs 18
BD - TD = BG
BD - 450 = 18
BD = 450 + 18
So, banker’s discount = Rs 468

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